U.S. Beef Slaughter – Through week 44

Weekly FI Beef Slaughter

Source: USDA, AgPresent As this year has been a whirlwind of issues in the processing world due to Covdi19, total beef production was severely impacted. Year-to-date total federally inspected slaughter by metric tons of commercial production is down -16.1%. Week 44 is down -1.1% over the previous week. With backlogs from spring, the industry continues…

U.S. Beef and Veal Exports to Japan – Through Jan 2020

US Beef Exports to Japan

U.S. beef producers have welcomed the newly formed USMCA, the U.S. Japan Trade Agreement, as well as the U.S. China Phase 1 Trade agreement. Hopes continue for increased foreign demand to bolster the down U.S. beef markets. Although the novel Corona Virus 2019 (Covid-19) is wreaking havoc on markets across the globe, trade flows have…

Brazilian Fed Cattle Prices -January 2020

Brazilian fed cattle continue their high prices due to strong demand from exports (China), as well as tight supplies. Average year-over-year prices in January were up +16% over 2019, but noting a monthly decline from December of -$0.63 per lb, or -8.3%. With such a large shortage of pork in the world, substitutes like beef…